The ship recycling market has been on a roll over the past week, gaining further momentum. In its latest weekly report, Best Oasis, a leading cash buyer of ships said that “the Indian recycling market remained quite buoyant during the week, supported by a substantial...

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DP World has joined the American Chamber of Commerce for Brazil (AmCham Brazil), as it expands its port and logistics operations across the country, including a BRL 1.6 billion investment in the Port of Santos and a growing network of logistics services in key...

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ABS has issued a Basic Design Review (BDR) certification to Hanwha Ocean for a standardized floating production, storage and offloading (FPSO) design developed for the South American and West African deepwater market, alongside related sustainability reviews for the...

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Navibulgar has spent more than a decade building a new generation of bulk carriers designed to outperform market standards. Working with DNV, the company has combined innovative design, fuel efficiency, and operational flexibility to create one of the youngest and...

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While the weak yen is favorable to Japanese companies doing business elsewhere, the huge swings in the currency can be a problem, according to a top shipping executive. Mitsui OSK Lines’ revenue is mainly in U.S. dollars, so the company benefits from a depreciating...

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B30-VLSFO has flipped from a $58/mt premium over VLSFO to a $27/mt discount in Rotterdam, and B100 has swung from a $32/mt premium to a $45/mt discount, as both biofuels have fallen over the past week while VLSFO has gained $33/mt. B100’s discount to LSMGO in...

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